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Sep 19, 2012
09/12
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bernanke literally put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about china? michelle set up some of the diplomatic tiffs going on between china and japan. if you look at china's economy, a lot of people have written china off in terms of its investment potential near-term. doesn't sound like you were doing that. >> i think people are overembellishing the downside. valuation show we're at significant discounts but in a very nacent domestic value. we're missing point with regard to 7% 208% growth is still very dynamic in china. they have beter response to the global markets. i think the reality to china is we don't want continued expectation of 10% growth. we
bernanke literally put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about...
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Sep 4, 2012
09/12
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the amount of tweets that go on in the united states will max out two years from now and begin declining. >> what will replace them? >> telepathy, direct vulcan mind mail. you and me together -- >> i walked into that. >> nobody has ever heard of is what will replace it. something new will come along. whenever you have a giant technological problem like too many e-mails, we replace it. >> tyler, back to you. >> i have a concept, speaking to people face to face, that might replace it. i'm a dinosaur. >>> let's talk about hailing a taxi in new york city. you come here for a trip in business or holiday, it's just gotten a lot more expensive. starting today, cab fairs up 17% or 50 cents for each fifth of a mile. it's the first time fares have gone up since way back in 2005. i think the guys deserve a raise. a one-way ride from jfk international airport, they say, where america greets the world on this receipt, it will now run you about $61. how do we know that? the receipt from one of our "power lunch" producers who was surprised to find out about the rate hike this very morning on her way ba
the amount of tweets that go on in the united states will max out two years from now and begin declining. >> what will replace them? >> telepathy, direct vulcan mind mail. you and me together -- >> i walked into that. >> nobody has ever heard of is what will replace it. something new will come along. whenever you have a giant technological problem like too many e-mails, we replace it. >> tyler, back to you. >> i have a concept, speaking to people face to...
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Sep 21, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> cnbc was able t
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a...
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Sep 5, 2012
09/12
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is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to transfer funds, pay bills or manage your finances anywhere, anytime. so that wherever your duty takes you, usaa bank goes with you. visit us online to learn what makes our bank so different. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ >>> welcome back. we're tak
is the word of the united states respected anymore on the global basis? >>> a new survey shows u.s. global competitiveness has fallen again. what do you blame? vote on that at finance.yahoo.com and we'll talk about that coming up. at usaa, we believe honor is not exclusive to the military, and commitment is not limited to one's military oath. the same set of values that drive our nation's military are the ones we used to build usaa bank. with our award winning apps that allow you to...
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Sep 18, 2012
09/12
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now, having said that the expansion of the united states is very slow. we are down to 1 1/2 to 2% of gdp expansion. that is, like phil and i talked many time, the lowest, slowest expansion we have ever had following a deep recession. clearly, one of the worst recessions we have ever been in. we are very pleased that we are recovering in the automobile industry and in ford's care the pent-up demand is incredible. the average age, phil, is like 11 years old now. these new vehicles you can get from ford, you can economically replace your older vehicle. so we are so just gratified that we invested during the toughest time and we have the products now to help lead this economic recovery but it is a slower recovery than we have had in the past, for sure. >> so what did you say? i don't mean to beat this into the ground, yes or no? is america in better shape now than it was four years ago? >> clearly not in the deep recession that we were and we are starting to recover. so, this is a very positive thing. the thing i like about the debate is what can we do to in
now, having said that the expansion of the united states is very slow. we are down to 1 1/2 to 2% of gdp expansion. that is, like phil and i talked many time, the lowest, slowest expansion we have ever had following a deep recession. clearly, one of the worst recessions we have ever been in. we are very pleased that we are recovering in the automobile industry and in ford's care the pent-up demand is incredible. the average age, phil, is like 11 years old now. these new vehicles you can get...
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Sep 6, 2012
09/12
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. >> the bankers, whether it's in the united states or over there, have been talking the talk which is one of the reasons why the u.s. market's up 10% this summer is the anticipation of quantitative easing down the road. >> the ecb needs it. >> the question is, will they walk the walk? >> will the ecb -- this is the plan. now over to you politicians. they're finished. >> we have seen it. verbal intervention brought spanish interest rates down and spain is backing off saying, whoa, we don't necessarily need any help. you know? already in that drama. can you put forward further austerity? >> not just since milton die dined alone. thanks very much. back to you. >> we'll continue the conversation here on the nyse floor. here with me is kenny pulcari. europe today is stabilize. a rally. listening to the conversation, you were making points to me during that. not only do they have to agree, spain and italy, to certain conditions, they actually have to ask for the aid and they have not done that yet. >> that's right. they have to ask for it and agree to the conditions and talking about this f
. >> the bankers, whether it's in the united states or over there, have been talking the talk which is one of the reasons why the u.s. market's up 10% this summer is the anticipation of quantitative easing down the road. >> the ecb needs it. >> the question is, will they walk the walk? >> will the ecb -- this is the plan. now over to you politicians. they're finished. >> we have seen it. verbal intervention brought spanish interest rates down and spain is backing...
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Sep 10, 2012
09/12
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. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and it could even have an impact on the presidential election. in a detailed study of the summer's drought which scored soybeans, corn and other crops across the nation, macro economic advisors out of st. louis estimate it could shave as much as a half point off gross domestic product this year. that's a big hit to a $13 trillion economy from a total farm sector that accounts for just -- wait for it now -- 1% of the nation's output. ben herzon is the economist who did the study. pe explai he explains the drought's outside impact. >> even though it only accounts for 1% of the economy, big changes in farm output can
. >>> the drenching that parts of the united states got last week, including tornadoes out in queens, not really helping parched farmland. there are no farms in queens, are there? this afternoon we're going to get exclusive details on the economic impact from our senior economics reporter steve leisman. he's here live. >> in about three minutes we're going to get an e-mail from the guy that runs the farm in queens. it is a big impact from what's a small sector of the economy and...
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Sep 11, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> mark zuckerberg may be coming out of his shell or fox hole, depending on your perspective. he will make his first public appearance since facebook's ipo back in may. shares have lost half their value since that date. right now, the stock is up about half a buck at $19.33. julia boorstin is live in san francisco waiting for julia? >> reporter: facebook ceo mark zuckerberg chose to make hisz first appearance at tech crunch because those that pack the hall this afternoon tend to be more focused on product than profits but even this silicon valley audience wants to hear about the meaty financial issues. zuckerberg's vision for the company, making money from mobile and his plans to stem the stock's dramatic slide, which threatens to hurt employee morale and tens
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> mark zuckerberg may be coming out of his shell or fox hole, depending on your perspective. he will make his first public appearance since facebook's...
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Sep 7, 2012
09/12
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they're watching the fiscal issues that are facing the united states right now. and as we look at the in-trade chart with mr. romney unchanged on the trading session, down in the last week about 3%, mr. obama's in-trade up 4 1/3 and keep in mind, of course, the week of the democratic convention and mr. romney had a leg up in the republican convention and starting to shift from the election itself to more of the fiscal issues, tie. >> right, sue. all right. we'll continue, of course, to watch governor romney and his remarks. >> indeed. >> this hour out in orange city, iowa. the president up in new hampshire earlier this hour. sue? >> all right. we'll take a break and then you'll analyze the analyst. we have calls on priceline, nvidia and a stock that's been getting a lot of attention. we'll tell you about this in a minute and check this out. if you invested $100 in morgan stanley four years ago, you would have 40 bucks today. yikes. will you be better off four years from now? we'll tell you what four stocks to be investing in for next four years coming up on "powe
they're watching the fiscal issues that are facing the united states right now. and as we look at the in-trade chart with mr. romney unchanged on the trading session, down in the last week about 3%, mr. obama's in-trade up 4 1/3 and keep in mind, of course, the week of the democratic convention and mr. romney had a leg up in the republican convention and starting to shift from the election itself to more of the fiscal issues, tie. >> right, sue. all right. we'll continue, of course, to...
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Sep 20, 2012
09/12
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retail sales net revenue saving up to $4.5 billion in taxes on goods sold in the united states. we talked to microsoft. here's what they told us. they say, microsoft has a complex business and we must comply with the complicated tax code of the united states, resulting in an exceedingly complex tax structure. second company in the crosshairs here today is going to be hewlett-packa hewlett-packard. the senate committee saying since at least 2008, hp has used billions of dollars of intercompany offshore loans to effectively repatriate untaxed foreign profits back to the united states to run u.s. operations. that's contrary to the intent of u.s. tax policy. we talked to hewlett-packard. here's what they told us. they say, hp has complied fully with all applicable provisions of the u.s. internal revenue code and auditor ernst and young has audited. we'll learn more about what this is up committee found in about a half-hour. >>> the committee on banking, housing and urban affairs, subcommittee on securities, insurance and investment is holding a hearing on high-frequency trading and
retail sales net revenue saving up to $4.5 billion in taxes on goods sold in the united states. we talked to microsoft. here's what they told us. they say, microsoft has a complex business and we must comply with the complicated tax code of the united states, resulting in an exceedingly complex tax structure. second company in the crosshairs here today is going to be hewlett-packa hewlett-packard. the senate committee saying since at least 2008, hp has used billions of dollars of intercompany...
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Sep 27, 2012
09/12
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this is very, very detrimental to the united states long term. >> it ultimately is going to do something, though -- [ bell ]. i kind of disagree. because i think if consumers know -- >> if they understand. can you understand your health plan? >> i can't understand my health plan today. i don't know what it covers and what it doesn't. >> it puts employees at the mercy of the insurance companies and they're really going to be defenseless. >> and you have 206 perfect information. why should everybody have perfect information when their employer can help everybody at once to get to that? >> i'll tell you one thing i'm not going to do, is go through a whole book on every potential plan that i might look at to see -- >> they might do it on your behalf. >> oh, sure. >> koording to a new irs inspector general report 70 federal agencies owe $14 million in taxes. so why does the government hate taxes, john? >> it's not just these federal agencies that owe taxes. we learned earlier in the year that over a billion dollars is owed by federal employees. there's a scofflaw problem in our very governmen
this is very, very detrimental to the united states long term. >> it ultimately is going to do something, though -- [ bell ]. i kind of disagree. because i think if consumers know -- >> if they understand. can you understand your health plan? >> i can't understand my health plan today. i don't know what it covers and what it doesn't. >> it puts employees at the mercy of the insurance companies and they're really going to be defenseless. >> and you have 206 perfect...
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Sep 26, 2012
09/12
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just like here in the united states social security rises automatically if there is an increase in inflation. that happens in spain as well. they are talking about eliminating that. the european union woversiton w that. rajoy didn't say it today. >> thank you both. here now to talk about how the market is being impacted, joe tanius, the global market strategist from jpmorgan asset management, joins me now. is it remarkable that we are not seeing more vehement reaction in the equity side of things to the visuals we are seeing from greece and spain? >> right. i think if you take a step back, think about europe, we continue to take two steps forward and one step back. at the end of the day the ecb providing support and announcing the program is really a game-changing event. you are eliminating some extreme tail risk but at the end of the day clearly the anti-austerity movements are getting louder, causing unrest. >> what does it do for interest rates at home? we saw a reaction in the currency markets with the euro moving smartly on the day and also our bond market. we saw yields fall. >> it's a
just like here in the united states social security rises automatically if there is an increase in inflation. that happens in spain as well. they are talking about eliminating that. the european union woversiton w that. rajoy didn't say it today. >> thank you both. here now to talk about how the market is being impacted, joe tanius, the global market strategist from jpmorgan asset management, joins me now. is it remarkable that we are not seeing more vehement reaction in the equity side...
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Sep 13, 2012
09/12
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universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're coming up with solutions, technical solutions to that in cyber security, in wireless communications. those things have direct applications to the commercial marketplace and we can create companies around those and go to market here in the u.s. with them. >> give me some examples where in the past, defense oriented technologies or defense developed technologies have become a successful private market products and tell me as you think about this intellectual property that the government owns, what do you think has the most promise now for the next gen products? >> dod labs had had long been a rich source of in
universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're...
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Sep 25, 2012
09/12
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as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question now is it another bubble that is about to burst? senior correspondent scott cone is reporting from washington today on some very startling statistics, scotty? >> reporter: some new statistics, simon, just in. these new figures come from fyke cok -- fico, they analyzed a large sample of credit reports, millions of them nationwide. and here is what they found. since 2005, the percentage of u.s. consumers with multiple open student loans on their credit report has nearly doubled, now almost 12% of us are making payments on at least two student loans. the average amount of that debt, up more than 50% to more than $26,000 on average, a much higher pace of growth than the growth of credit like credit cards and mortgages, other types of debt. and the percentage of consumers with six figures in college
as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question now is it another bubble that is about to burst? senior correspondent scott cone is reporting from washington today on some very startling statistics, scotty? >> reporter: some new statistics,...